BEIJING — There has been a growing focus on the economic development underway in Africa. There is a reason behind this seemingly new interest of Western powers in events happening in Africa, and the reason is simple: China is a new power dominating business on the continent and has clearly caught the West’s attention.
Italy’s non-performing loans (NPLs) then stood at €210bn, at a time when the ECB was buying €120bn per year of outstanding Italian government bonds as part of its QE program. The July 2016 Financial Times quoted Goldman’s Francesco Garzarelli, who said, “by the time QE is over – not sooner than end 2017, on our baseline scenario – around a fifth of Italy’s public debt will be sitting on the Bank of Italy’s balance sheet.”
Unless there is a serious challenge, Britain is set to increasingly promote a failed model of international trade that will impoverish developing countries still further. It will also likely pursue an aid strategy that supports corporations, neo-liberal economic objectives and wider British foreign policy.
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Donald Trump has said climate change is a Chinese hoax. His presidency raises the prospect of a climate denier atop the Environmental Protection Agency and an oil and gas billionaire running the Energy Department. Climate change does not care about the law of the land in the U.S. It cares about the laws of physics. Trump can change laws in the U.S. He can’t change them in the atmosphere.
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Who needs NATO, R2P (“responsibility to protect”) or “moderate rebels” when you can get your regime change just by tweaking a nation’s political/judicial system?
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It is true that Venezuela faces many problems, not least in terms of its economic difficulties. These are being exacerbated both by a conscious economic war — with echoes of the situation in Chile prior to the 1973 coup that brought General Pinochet to power — and the plunge in world oil prices.
But the right’s programme of vicious neoliberalism — illustrated by its proposals for the mass sell-off of housing — will only make these worse, while reversing the gains in reduced poverty and inequality, plus increased labour rights, in recent years.
Did you know many African countries continue to pay colonial tax to France since their independence till today!
France is severely addicted to looting and exploitation of Africa since the time of slavery. Then there is this complete lack of creativity and imagination of French elite to think beyond the past and tradition.
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These three agreements solidify the creeping corporate coup d’état along with the final evisceration of national sovereignty. Citizens will be forced to give up control of their destiny and will be stripped of the ability to protect themselves from corporate predators, safeguard the ecosystem and find redress and justice in our now anemic and often dysfunctional democratic institutions.
The United States, I suggest, is hostile to the Syrian government for the same reason it has been hostile to Cuba for more than half a century; and hostile to Venezuela for the past 15 years; and earlier to Vietnam, Laos and Cambodia; and to Dominican Republic, Uruguay, and Chile; and so on continuing through the world atlas and history books.
The TPP is the forerunner to the equally secret US-EU pact TTIP (Transatlantic Trade and Investment Partnership), for which President Obama initiated US-EU negotiations in January 2013. Together, the TPP and TTIP will cover more than 60 per cent of global GDP. Both pacts exclude China.
The post The US Strategy to Create a New Global Legal and Economic System: TPP, TTIP, TISA appeared first on BSNEWS.
